Penserra Capital Management LLC Sells 18,828 Shares of TripAdvisor, Inc. (NASDAQ:TRIP)

Penserra Capital Management LLC decreased its holdings in TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 7.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 240,102 shares of the travel company's stock after selling 18,828 shares during the quarter. Penserra Capital Management LLC owned 0.17% of TripAdvisor worth $3,402,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in TripAdvisor by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,204,362 shares of the travel company's stock worth $17,788,000 after acquiring an additional 5,023 shares during the period. Raymond James Financial Inc. acquired a new position in TripAdvisor during the fourth quarter worth about $3,009,000. Edgestream Partners L.P. acquired a new position in TripAdvisor during the fourth quarter worth about $579,000. Amundi boosted its position in shares of TripAdvisor by 421.6% in the 4th quarter. Amundi now owns 101,382 shares of the travel company's stock valued at $1,529,000 after purchasing an additional 81,945 shares during the period. Finally, River Road Asset Management LLC increased its stake in TripAdvisor by 1.3% in the 4th quarter. River Road Asset Management LLC now owns 3,715,961 shares of the travel company's stock worth $54,885,000 after purchasing an additional 45,898 shares in the last quarter. Institutional investors own 98.99% of the company's stock.

Insider Transactions at TripAdvisor

In other TripAdvisor news, CEO Almir Ambeskovic sold 16,643 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $15.33, for a total transaction of $255,137.19. Following the completion of the sale, the chief executive officer owned 15,931 shares of the company's stock, valued at $244,222.23. This represents a 51.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is owned by insiders.

TripAdvisor Stock Down 0.4%

Shares of NASDAQ TRIP traded down $0.07 during trading hours on Wednesday, hitting $17.43. The stock had a trading volume of 294,166 shares, compared to its average volume of 2,689,072. The company has a market capitalization of $2.47 billion, a P/E ratio of 47.13, a P/E/G ratio of 2.97 and a beta of 1.28. The firm's 50-day moving average price is $14.19 and its two-hundred day moving average price is $14.54. TripAdvisor, Inc. has a 52 week low of $10.43 and a 52 week high of $18.66. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.90 and a current ratio of 1.90.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last announced its earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.09. The firm had revenue of $398.00 million during the quarter, compared to analysts' expectations of $386.94 million. TripAdvisor had a return on equity of 10.68% and a net margin of 2.94%. The company's revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.12 earnings per share. Analysts anticipate that TripAdvisor, Inc. will post 0.46 EPS for the current fiscal year.

Analysts Set New Price Targets

TRIP has been the topic of a number of analyst reports. Citigroup initiated coverage on TripAdvisor in a research note on Wednesday, May 28th. They issued a "neutral" rating and a $16.00 price target on the stock. Mizuho raised TripAdvisor to a "hold" rating in a research note on Friday, April 18th. DA Davidson set a $16.25 target price on TripAdvisor in a research note on Tuesday. JPMorgan Chase & Co. lifted their target price on TripAdvisor from $11.00 to $13.00 and gave the company an "underweight" rating in a research note on Friday, May 9th. Finally, UBS Group lifted their target price on TripAdvisor from $15.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $17.27.

TripAdvisor Company Profile

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.